Bank Talks: Fear of Nationalization?
After a hellish week in the stock market, a pop in the coming week is expected and inevitable. Even though BAC and C went down a lot this week, I believe that they will come back up. As soon as rumours of nationalization get cleared, they will no doubt turn around. I may be wrong, [...]
Tagged as: bank of america, banks, bear market, bear stearns, citigroup, countrywide financial, hope, JP Morgan, merrill lynch, nationalization, overreaction, stimulus plan, washington mutual, wells fargoTotal Chaos in the Stock Market
There were lots of speculation as what will happen to Lehman Brothers on Monday. Not surprisingly, they just filed for Chapter 11 Bankruptcy Protection around 12:30 am on Monday. Meanwhile, Bank of America is buying Merrill Lynch for $44 billion at $29 a share.
I don’t understand why in the world would Bank of America would [...]
Merrill Lynch Profit Warning Rumors Are Not True
It is unbelievable how the stock market had become as stocks are getting manipulated all the time by greedy brokers. When a good company releases bad earnings, stock goes down. When the same company releases good earnings but does not exceed expectations, stock goes down as well.
Today, Merrill Lynch went down more than 5% when [...]
Stocks Rise on RIM, Merrill Reports
Stocks jumped Friday following a better-than-expected rise in profits at Research in Motion Ltd. and on word that Merrill Lynch might have lined up a big cash infusion from a Singapore fund.
Tagged as: blackberry, merrill lynch, rim, singapore fund